The market decline this week may have marked the end of Wave II. Which would be, in Elliott Wave counts and trend channels be the rally lasting about 192 days from 2022 lows. Which was preceded by Wave 1 down from November 8, 2021.
Today, we consider our ChartPack and wonder how far down we could fall.
Not to be a spoiler but market levels half of two week ago levels seems increasingly likely.
What the present waveform suggest is not only purely economic in scope, but will lead into global war. That is, if history continues with this kind of Rhyming pattern.
This morning, a short summary of how we got here, where trends are pointing. And how the Fitch downgrade of American treasuries – glum as that was – is likely a “You ain’t seen nothing, yet.”
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